Bribing in Business
Do you have any reason to be concerned about the possible bribery if you purchase the venture in three years? Why or why not?
Yes, I will be very worried about bribery cases even in three years to come. The foreign company has been engaging in bribery for a very long time. This has been happening with not just any person but with government officials. Most firms that engage in bribery act with government benefits a lot economically. They are able to secure government tenders even without applying for such. They can also be dealing with illegal goods and services simply because they have government official approval and maneuver around if they are caught. This makes them have a huge competitive advantage over other companies in the same fields. The government officials do nit offers such services for free. There is something that they get in return from such firms.
Even if I purchase the company, the officials still will have the impression that the company will be engaged in bribery activities. The officials will still be expecting their dirty dealings with the company. It is difficult to get rid of old habits. This means that even if the company is bought, it will be difficult to let go of activities that made them make a lot of profit. This is because they have not established themselves well in the market to operate independently. Other companies in the same industry will have an added advantage over them. The government officials could also decide to sue the firm for bribery cases if they refuse to continue with the economic arrangements that they had made. For this reason, I have to be worried about purchasing the company even after three years.